Albertsons Companies (NYSE:ACI - Get Free Report) had its target price decreased by analysts at Evercore ISI from $23.00 to $22.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an "in-line" rating on the stock. Evercore ISI's price target suggests a potential upside of 8.86% from the stock's current price.
A number of other analysts have also recently weighed in on ACI. Roth Mkm raised their price objective on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. Telsey Advisory Group reissued a "market perform" rating and set a $27.25 price objective on shares of Albertsons Companies in a report on Thursday, January 4th. Tigress Financial reissued a "buy" rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Friday, January 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $24.85.
Check Out Our Latest Stock Analysis on ACI
Albertsons Companies Stock Down 0.1 %
NYSE:ACI traded down $0.03 during mid-day trading on Tuesday, hitting $20.21. The stock had a trading volume of 2,187,365 shares, compared to its average volume of 3,508,333. The stock has a 50-day simple moving average of $20.97 and a two-hundred day simple moving average of $21.71. The company has a market capitalization of $11.64 billion, a PE ratio of 8.64, a PEG ratio of 0.96 and a beta of 0.50. Albertsons Companies has a twelve month low of $19.88 and a twelve month high of $23.88. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09.
Hedge Funds Weigh In On Albertsons Companies
Hedge funds have recently modified their holdings of the business. NBC Securities Inc. purchased a new position in Albertsons Companies in the 3rd quarter valued at $28,000. Blue Trust Inc. boosted its position in shares of Albertsons Companies by 255.1% during the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company's stock worth $34,000 after purchasing an additional 1,051 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Albertsons Companies during the 2nd quarter worth $46,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Albertsons Companies during the 4th quarter worth $45,000. Finally, Great West Life Assurance Co. Can purchased a new stake in shares of Albertsons Companies during the 1st quarter worth $77,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.
About Albertsons Companies
(Get Free Report)
Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.
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